Washington: The newly elected United States President Donald Trump has expressed his desire to name billionaire investor Wilbur Ross as Commerce Secretary.
The 78-year-old Wilbur Ross, is famous for shake-up unsuccessful companies, and he is also a trusted economic adviser to Team Trump.
New York investor Carl Icahn appeared to confirm the news on yesterday that his rich political donor is the leading candidate for the job.
Icahn tweeted on his account, “Spoke to @realDonaldTrump. Steve Mnuchin and Wilbur Ross are being considered for Treasury and Commerce. Both would be great choices.”
Mnuchin, a veteran Wall Street insider and Goldman Sachs vet, was the finance chair of Trump’s campaign.
Ross agreed to reimburse investors $11.8 million and pay a fine of $2.3 million to settle a Securities and Exchange Commission probe into the company’s misappropriation of fees in August.
Investors in W.L. Ross’ fund were wrongly assessed the fees from 2001-2011, the SEC found.